The 10th year anniversary of the Lehman Brothers Collapse 9/14/2018. Is the Financial system any safer today.
During the Global financial crisis of 2008. The Citizens of the World were told we needed to bailout the To Big Too Fail Banks to save the Financial System. So The Federal Reserved Bail out the Banks and Congress approved the Tarp program. The Central Banks injected $17 Trillion new fiat money into the system. But has the risks in the financial system been resolved? Let"s look at some facts:
- The Sovereign US Debt in 2008 was $10.6 Trillion and the 2018 Debt is now $21.3 Trillion.
- The "To Big to Fail Bank" JP Morgan Chase's total assets in 2008 was $1.2 Trillion and the 2018 total assets is $2.1 Trillion.
- The Paper Derivatives Market has exploded to 2.4 Quadrillion. Note: the To Big To Fail Banks are more leveraged than they were in 2007.
- The current Housing Prices are at the 2007 bubble levels.
- The Stock Market is at record levels and is the longest Bull Market Cycle in History.
- Global Sovereign Debt is at $273 Trillion and rising.
- The US Participation Rate 62.3% the lowest rate since the 1970's recession.
- 105 Million eligible working Americans do not have a job. Yet the BLS Unemployment Rate is only 3.8% How does that math work?
- Corporate Debt is higher than the 2007 levels.
- Consumer Debt is higher than 2007 levels.
But has the risks in the financial system been resolved? Answer: NO
"Gold is Money everything else is Credit" JP Morgan
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#7 is the labor participation rate. According to the federal government there are about 95 million working age Americans out of the workforce. Real unemployment must be at Great Depression levels. It's just that half of American households get some kind of money from the federal government.
The dollar is dying. It's being used less and less in world trade. We're going to have hyperinflation like Venezuela. It's a 100% mathematical certainty. All we need now is an increase in the money velocity. As it is, real inflation is about 10%.
I think we're going to see a complete economic collapse that will kill hundreds of millions around the world. Possibly billions. All the carnage will lead to the one world government prophesied in Revelation.